Further Investment in China: Air Liquide Signs Long-Term Contract with Leading Copper Producer Shandong Fangyuan
July 02 2015 - 10:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announces a long-term contract with
Shandong Fangyuan, China’s leading privately-owned copper smelter
and one of the world’s largest copper producers. Under the terms of
the contract, Air Liquide will invest around €60 million in a
state-of-the-art ASU (Air Separation Unit) with a capacity of 2,000
tonnes of oxygen per day, expected to be commissioned by the second
half of 2017.
The new ASU, located in Dongying, Shandong province, will be
built by Air Liquide’s Engineering and Construction teams, using
state-of-the-art technologies that offer energy efficiencies as
well as optimal reliability and safety. It will support Shandong
Fangyuan’s ongoing large-scale expansion plan to increase smelting
capacity at the Dongying site from 400,000 tonnes to 700,000 tonnes
per year by 2017.
The oxygen supplied will boost productivity of the smelter while
reducing overall CO2 emissions and cutting maintenance costs. Air
Liquide will also provide support for an optimized usage of
Shandong Fangyuan’s oxygen injection technology. Oxygen
injection is a strategic technology for the non ferrous industry in
which Air Liquide has over 20-years of proprietary research and
several industrial references.
François Venet, Vice-President, Asia Pacific and a member
of Air Liquide group’s Executive Committee, commented: “We
are proud to have been chosen by Shandong Fangyuan for this
project. Through this partnership, Air Liquide and Shandong
Fangyuan will implement the best available oxygen technologies in a
long term development model which combines cost efficiency and
contribution to lowering environmental impact. This investment also
marks another positive step in Air Liquide’s development in
China.”
Mr Cui, Chairman of Shandong Fangyuan,
added: “At Shandong Fangyuan, we
use our proprietary integrated multi-metal process
for extracting copper, gold, and silver worldwide. Thanks to Air
Liquide’s expertise in industrial gases, we can now fully leverage
our oxygen injection technology and elevate Shandong Fangyuan to a
cutting-edge, world-scale smelter.”
The contract signing ceremony took place today in Toulouse
(France) within the French-Chinese Economic Summit, in the
presence of the French and Chinese Prime Ministers.
Air Liquide Chinaoperates
more than 85 plants and employs about 4,300 employees with a strong
presence in the key coastal industrial areas, and is expanding into
the center, south and west. Its main business activities include
industrial and medical gas operations, as well as Engineering &
Construction (designing, manufacturing and installing air
separation units/hydrogen facilities).
The Large Industries business line of
Air Liquideoffers gas and energy solutions that improve
process efficiency and help achieve greater respect for the
environment, mainly in the refining and natural gas, chemicals,
metals and energy markets. In 2014, revenues were €4,980
million.
The Engineering and Construction
activity (Global E&C Solutions)The Engineering and
Construction activity (Global E&C Solutions) builds the Group’s
production units – mainly air separation units (ASUs) and hydrogen
production units – and provides plants for third-party
customers.
World leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with more than
50,000 employees and serves more than 2 million customers and
patients. Oxygen, nitrogen and hydrogen have been at the core of
the company’s activities since its creation in 1902. Air Liquide’s
ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core
of the company’s development are the commitment and constant
inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests
locally and globally, and delivers high-quality solutions to its
customers and patients, and the scientific community.
The company relies on competitiveness in its operations,
targeted investments in growing markets and innovation to deliver
profitable growth over the long-term.
Air Liquide’s revenues amounted to € 15.4 billion in 2014, and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40
and Dow Jones Euro Stoxx 50 indexes.
www.airliquide.comFollow us on Twitter
@AirLiquideGroup
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version on businesswire.com: http://www.businesswire.com/news/home/20150702005536/en/
Air LiquideCorporate CommunicationsCaroline
Philips, +33 (0)1 40 62 50 84Anne Michaud, +33 (0)1 40 62 50
59orInvestor RelationsAude Rodriguez, +33 (0)1 40 62 57
08Louis Laffont, +33 (0)1 40 62 57 18orAir Liquide China
CommunicationsJeanne Wu, +86 21 6090 3619
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